View Poll Results: How much will the budget affect you? and can you afford it?

Voters
31. You may not vote on this poll
  • the budget will not affect me very much at all

    6 19.35%
  • The budget will affect me, but it wont cause me any financial difficulties

    6 19.35%
  • the budget will affect me, and will cause me to tighten my belt a bit

    10 32.26%
  • the budget will affect me substantially, and will cause me financial difficulties

    5 16.13%
  • the budget will affect me substantially, and I am not in a position to afford these changes AT ALL

    4 12.90%
+ Reply to Thread
Page 1 of 6 123 ... LastLast
Results 1 to 10 of 60
  1. #1
    BH-KatiesMum's Avatar
    BH-KatiesMum is offline Community Manager
    Winner 2008 - The most optimistic poster
    Winner 2014 - Most Helpful Moderator
    Join Date
    Oct 2007
    Location
    Perth WA
    Posts
    22,407
    Thanks
    5,372
    Thanked
    5,812
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Awards:
    Past Moderator
    200 Posts in a week100 Posts in a week

    Default How will the Budget affect you?

    Families and the budget in brief:
    • Family Tax B’s eligibility threshold will be reduced from $150,000 to $100,000 from July 1, 2015
    • Family Tax B will no longer be paid to families once their youngest child turns six (reduced from 16).
    • Low-income single parents will continue to receive assistance with a new supplement of $750 a year for each child aged between 6 and 12.
    • Family Tax Benefit A end-of-year supplement will be reduced to $600 (from $726.35).
    • Family Tax Benefit B end-of-year supplement will be reduced to $300 (from $354.05).
    • Tax Benefit A’s maximum income threshold is capped at $94,316 (from $150,000).
    • The new Paid Parental Leave scheme - to come into affect on July 1, 2015, has been reduced from a $150,000 income threshold cap to $100,000.
    • Changes to payments will not come into affect until July 2015 but rates will be frozen until then.
    • School Kids Bonus scrapped
    • Only families with four or more children will be eligible for the big families supplement worth $313.90 for each child.
    • Petrol prices will jump as the twice annual indexation of fuel excise will be introduced from August 1.
    • You’ll have to pay a $7 fee each time you visit the doctor, get an x-ray or MRI etc. Concession card holders and children under 16 only have to pay for the first 10 visits a year.
    • Prescription medicine will cost an extra $5 (or 80c for concession card holders).
    (from bubhub article here

    So - how will you be affected? Will it cause financial distress for you? or will you be able to fit those changes into your current budget/lifestyle?

  2. #2
    BH-KatiesMum's Avatar
    BH-KatiesMum is offline Community Manager
    Winner 2008 - The most optimistic poster
    Winner 2014 - Most Helpful Moderator
    Join Date
    Oct 2007
    Location
    Perth WA
    Posts
    22,407
    Thanks
    5,372
    Thanked
    5,812
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Awards:
    Past Moderator
    200 Posts in a week100 Posts in a week
    perhaps people could post in here and explain which parts or how much you think the budget will impact you

  3. #3
    Join Date
    Aug 2011
    Location
    Brisbane, Qld
    Posts
    2,906
    Thanks
    971
    Thanked
    780
    Reviews
    4
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    The biggest part that will affect us is the doctors visits , medications etc. my husband and I are both on medication that must be taken every day and we also visit the drs often due to this. That's without including any illnesses dd may come down with.

  4. #4
    Join Date
    Feb 2009
    Posts
    11,313
    Thanks
    1,749
    Thanked
    1,815
    Reviews
    24
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    For us it will only be the Drs visit and meds increase and the fuel increase. We dont qualify for an centrelink so we arnt affected there.

    I voted it will cause us to tighten our belts, its something we are doing anyway, but we will do it more i think as we just had to get PHI and we are moving DS into Catholic school that has fees.

  5. #5
    Join Date
    Aug 2011
    Location
    Melbourne
    Posts
    2,085
    Thanks
    424
    Thanked
    599
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Awards:
    100 Posts in a week
    The fuel and additional medical costs will impact me negatively, but we will be ok. I already pay $72 to see a doctor, another $7 won't make much of a difference. In saying that, in glad it's capped at 10 visits for my DS, he's the one who needs the doctor the most.

    The PPL will be a positive for my family. It'll enable me to stay home for a year rather than 6/7 months.

  6. #6
    Join Date
    May 2013
    Location
    Mortlake, VIC
    Posts
    1,672
    Thanks
    444
    Thanked
    831
    Reviews
    7
    Achievements:Topaz Star - 500 posts
    -fuel hikes which will not only cost more for me in my car but groceries, products etc
    -paying more for my HECS debt
    -paying HECS sooner
    -not going back to retrain when my first degree becomes obsolete
    -working longer
    -paying more at the doctor
    -watching my nan struggle when the pension is effectively decreased

    Soooooo much

  7. #7
    Join Date
    Jan 2014
    Posts
    450
    Thanks
    441
    Thanked
    251
    Reviews
    0
    If anyone's interested, there's a calculator in this article that gives you a rough estimate of the amount of $ you'll gain or lose.

    http://www.news.com.au/finance/econo...-1226916437313


    You just have to answer a couple of questions (e.g. do you have a partner, children etc)

  8. #8
    Join Date
    Jun 2006
    Location
    Hobart, Tasmania
    Posts
    5,946
    Thanks
    1,973
    Thanked
    2,080
    Reviews
    16
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    The budget will impact on us, but it won't leave us in any financial struggles.

    The biggest thing for us is we will stop receiving FTB part B, but we're thankfully in the position that it was just a nice bonus at tax time, not something we relied on. There are a few other small things that will mean we get less money from the Government, which I am fine with as again, thankfully we didn't rely on it.

    I mostly just feel for those who are so negatively hit by this

  9. #9
    Join Date
    Apr 2014
    Posts
    252
    Thanks
    64
    Thanked
    302
    Reviews
    0
    It affects me greatly.
    As a single mum with 3 kids...
    I lose the large family supplement and also FTB when my 5 year old turns 6.

    After rent and bills I have about $15 left a week..
    Now that will go on the dr as Ds has asthma and is there quite a bit.

    I also heard dental scheme is going? That means I won't take my kids to the dentist...
    I may look at giving XDH more time with the kids as I don't think I can afford them .

    You know you're in love when you can't fall asleep because reality is finally better than your dreams.
    Dr. Seuss
    Still mummy to Agnes Ronald and Beryl.

  10. #10
    BH-KatiesMum's Avatar
    BH-KatiesMum is offline Community Manager
    Winner 2008 - The most optimistic poster
    Winner 2014 - Most Helpful Moderator
    Join Date
    Oct 2007
    Location
    Perth WA
    Posts
    22,407
    Thanks
    5,372
    Thanked
    5,812
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Awards:
    Past Moderator
    200 Posts in a week100 Posts in a week
    will you get this one NJ?

    Low-income single parents will continue to receive assistance with a new supplement of $750 a year for each child aged between 6 and 12.
    fx for you

  11. The Following User Says Thank You to BH-KatiesMum For This Useful Post:

    Moltone  (14-05-2014)


 

Similar Threads

  1. Can an IUD affect HPT results?
    By golightly in forum Pregnancy Tests & Help / Support with Results
    Replies: 2
    Last Post: 05-03-2014, 11:03
  2. How does late implantation affect size?
    By Kazza78 in forum First Trimester Chat
    Replies: 29
    Last Post: 18-08-2013, 12:00
  3. Antibiotics/ illness affect on behavior
    By 2BlueBirds in forum Discipline & behaviour
    Replies: 6
    Last Post: 06-08-2013, 11:24

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Bamboo Lulu
Unique, non-toxic wooden eco toys for babies. Water-based paints, saliva-resistant & baby safe. Super soft, prints & basics for baby, made from bamboo & organic cotton. Hypoallergenic - great for eczema relief. FREE gift with purchase. Code BUBHUB
sales & new stuffsee all
True Fairies
True Fairies is the first interactive website where children can engage and speak with a real fairy through the unique webcam fairy portal. Each session is tailored to the child, and is filled with enchantment and magic.
Visit website to find out more!
featured supporter
Baby Sensory
Baby Sensory is the only baby programme that offers a complete approach to learning & development. Our classes offer an exciting world full of fun sensory experiences for parents and babies to enjoy.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!